Bitcoin and Ethereum demonstrated minimal movement over the past weekend, highlighting the lack of market activity during this time. This trend reinforces their increasing correlation with stock markets and major U.S. players.

In related news, the CEO of Tether has proclaimed that the USDT stablecoin is the strongest ally of U.S. dollar hegemony. It is important to note that Tether is collaborating with U.S. lawmakers to develop a regulatory framework for stablecoins—an issue frequently discussed within both the crypto community and U.S. Congress.

USDT plays a vital role in maintaining liquidity in crypto markets, enabling traders to easily switch between cryptocurrencies and fiat currencies, especially the U.S. dollar. This accessibility and convenience promote broader adoption of the dollar in the digital economy.

Regulating stablecoins, as proposed by Tether, could enhance transparency and reliability, strengthening trust among users and institutional investors. Clear regulatory guidelines would help alleviate concerns about USDT's backing and its compliance with financial regulations. Furthermore, USDT's position as the dominant stablecoin de facto reinforces the U.S. dollar's role in the global financial system.

Previously, U.S. "crypto czar" David Sacks mentioned in an interview that stablecoins have the potential to solidify the U.S. dollar's dominance on an international scale. Many U.S. policymakers view stablecoins as key to maintaining the dollar's global supremacy.

Going forward, I will continue to rely on major pullbacks in Bitcoin and Ethereum as opportunities to position for the continuation of the intact mid-term bull market.

For short-term trading, the strategy and trading conditions are outlined below.

Bitcoin

Buy Scenario

Scenario #1: I will buy Bitcoin today if the entry point reaches $96,500, targeting a rise to $97,400. Around $97,400, I plan to exit purchases and immediately sell on a pullback. Before buying on a breakout, ensuring that the 50-day moving average is below the current price and the Awesome Oscillator is in positive territory is essential.

Scenario #2: Bitcoin purchases can also be considered from the lower boundary of $96,000, provided there is no market reaction to its breakout in the opposite direction. The targets are $96,400 and $97,400.

Sell Scenario

Scenario #1: I will sell Bitcoin today if the entry point reaches $96,000, targeting a decline to $95,100. Around $95,100, I plan to exit sales and immediately buy on a pullback. Before selling on a breakout, ensuring that the 50-day moving average is above the current price and the Awesome Oscillator is in negative territory is essential.

Scenario #2: Bitcoin sales can also be considered from the upper boundary of $96,500, provided there is no market reaction to its breakout in the opposite direction. The targets are $96,000 and $95,100.

Ethereum

Buy Scenario

Scenario #1: I will buy Ethereum today if the entry point reaches $2,689, targeting a rise to $2,739. Around $2,739, I plan to exit purchases and immediately sell on a pullback. Before buying on a breakout, ensuring that the 50-day moving average is below the current price and the Awesome Oscillator is in positive territory is essential.

Scenario #2: Ethereum purchases can also be considered from the lower boundary of $2,659, provided there is no market reaction to its breakout in the opposite direction. The targets are $2,689 and $2,739.

Sell Scenario

Scenario #1: I will sell Ethereum today if the entry point reaches $2,659, targeting a decline to $2,605. Around $2,605, I plan to exit sales and immediately buy on a pullback. Before selling on a breakout, ensuring that the 50-day moving average is above the current price and the Awesome Oscillator is in negative territory is essential.

Scenario #2: Ethereum sales can also be considered from the upper boundary of $2,689, provided there is no market reaction to its breakout in the opposite direction. The targets are $2,659 and $2,605.